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World Bank urges the Philippines to ramp up digital shift

The World Bank has urged the Philippine government to step up digital shift to ensure efficient distribution of cash aid during a crisis. In a working paper by social protection specialist Yasuhiro Kawasoe of the Washington-based multilateral bank, it noted that many of the beneficiaries of the government’s Pantawid Pamilyang Pilipino Program (4Ps) are still having difficulties accessing bank services and getting their cash. The World Bank said the government needs to ramp up digital government-to-person payments mainly by tapping other financial services providers like e-wallets. The government should also consider increasing the number of electronic money issuer (EMI) agents, as a partnership with them could improve people’s access to financial services, especially in remote areas.

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